Bible Pay

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  • Rob Andrews
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Note: This proposal covers the payoff for Tokok, where Rob paid up front for the listing fee.  Since Rob felt the community should receive more total value, Rob is also covering the fee for one or more exchange integrations - out of his own pocket.


Exchange News (1Q & 2Q 2020):

1.  Coinsbit.io proposed a rather good deal to Rob - to be listed by Jan 2020.  Then, Nick dissapeared.
I have not been able to contact ANYONE at Coinsbit after this - even through email, support tickets, anything.  They have acted Shady towards me, and, backed out of a deal.

2.  Stex contacted me with a pretty good offer, somewhere between .35 and .45 BTC.  However, Stex would not promise to NOT delist us for low volume even after a month of trading.  I asked for one year of trading.  They said NO.  So I put the deal on hold.

3.  I paid Graviex .06 BTC to list us.  Exchange is live.  Graviex de-listed us due to low volume around July 31st 2020.   

4.  I am now in talks with Vindax (Vietnam) and BitMax.  Im trying to negotiate a relatively low fee for either or both to complement our total value.

5.  I paid .09 BTC to Vindax to list us.  Vindax is now live.



We have an offer to be listed from Paul at Tokok.com for 2btc.
https://www.coingecko.com/en/exchanges/tokok
CMC:
https://coinmarketcap.com/exchanges/tokok/

Rob paid the initial funding fee of 2btc (by loaning it).

Please evaluate Tokok, as we want the most honest and liquid exchange in Asia for BBP.

_____________________________________________________________________________________________________

(During go live we paid 2btc to tokok plus 1.35mm for the airdrop campaign.  Tokok dispursed the 1.35mm in a trading competition that week.)



Payments from Superblocks back to Rob for this deal:

_________________________________________________________________________________________________________________

Payment #1 -  3,647,790.00 (Paid in superblock  141450) -                                                              [.211 BTC PAID ]
Payment #2 - .0797 BTC - (From New Exchange Fund to Rob)                                                         [.0797 BTC PAID]
Payment #3 - Proposal for 1,000,000 bbp for September 2019                                                       [.02366] (1000000*.000203/8578)
Payment #4 - Proposal for 1,000,000 bbp for October 2019                                                            [.02366] (1000000*.000203/8578)
Payment #5 - Proposal for 5,743,922 bbp for November 2019                                                        [.13593] (5743922*.000203/8578)
Payment #6 - Proposal for 4,500,000 bbp for December 2019                                                        [.1064] (4500000*.000203/8578)
Payment #7 - Proposal for 9,000,000 bbp for March 2020                                                                [ .201 ] (9000000*.000213/9533)
Payment #8 - Proposal for 9,000,000 bbp for April 2020                                                                   [ .201 ] (9000000*.000213/9533)
Payment #9 - Proposal for 8,000,000 bbp for May 2020                                                                    [ .13106 ] (8000000*.000154/9400)
Payment #10 - Proposal for 8,000,000 bbp for June 2020                                                                  [ .13106 ] (8000000*.000154/9400)
Payment #11 - Proposal for 9,000,000 bbp for July 2020                                                                    [ .1474 ] (9000000*.000154/9400)
Payment #12 - Proposal for 9,000,000 bbp for August 2020                                                              [ TBD ]

                                                                            ___________________________________________________________________________________________________________
SUBTOTAL AS OF JULY 11 2020                                                                                                                  1.391 BTC (    69.5% PAID  )



« Last Edit: August 04, 2020, 09:31:46 PM by Rob Andrews »


  • jaapgvk
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Re: Exchange Listing on Tokok.com
« Reply #1 on: August 25, 2019, 12:18:57 PM »
In the spirit of my reply  in the FUBT-thread, I think it's wise to first find out more about these exchanges and their presence in Asia before committing large sums of money. Maybe it's an idea to reach out to some Asian people in our community in order to get their opinion?


  • SVK Noko
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Re: Exchange Listing on Tokok.com
« Reply #2 on: August 26, 2019, 12:24:42 AM »
I see we have a quite new topic in forum.biblepay.org regarding new exchange listing. We have two choices, first one FUBT exchange and second one TOKOK exchange. I tried to make an account and look at them. I was a little bit dissapointed when I tried to make an account on FUBT exchange. Directly in register form I need to put in confirmation code sent via short message or via email. Unfortunatelly short message even email confirmation have not worked in my case. I used Slovak phone number and @gmail.com email. I haven't receive anything. I tried it from France IP, email confirmation worked but I receive email in Chinese. Translated via google translator. After registration I tried to log in, again I needed to confirm log in by code but I havent receive anything. Ok I closed this issue with statement that FUBT is not very user friendly in Europe. Ill try it maybe later ones again.
On the other hand I had no problem with TOKOK exchange, fast registration, everything worked just fine. Exchange platform looks fast enough even in Europe and looks user friendly.

Regarding coingecko parameters both of them are looking very good on the first look. On the second look both of the exchanges has much more lower daily Normalized Volume as Daily Volume. In my opinion this means they have many trading robots and their volumes are penalised and Normalized volume decreased. This is not good sign. So real volume we can say FUBT about 400k daily and TOKOK 2mil daily normalized volume. In comparisn with Southxchange has max 100k daily.
So when I compared daily volumes TOKOK looks better and according to information from Rob's post on forum.biblepay.org listing fee is cheaper. It means 2 BTC for Exchange with 2mil daily volume.

When you take a look on trading statistics it looks than biggest percentage of trades are in trading pairs with USDT. What do you think about that? I dont know if we have possibility maybe list BBP/USDT trading pair. It looks this should be good move?

According to my first comparism I will vote for TOKOK exchange.


  • SVK Noko
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Re: Exchange Listing on Tokok.com
« Reply #3 on: August 26, 2019, 04:27:45 AM »
Just additionall info TOKOK exchange website has 4 times more daily Visits as FUBT.


  • Rob Andrews
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Re: Exchange Listing on Tokok.com
« Reply #4 on: August 26, 2019, 08:37:50 AM »
In the spirit of my reply  in the FUBT-thread, I think it's wise to first find out more about these exchanges and their presence in Asia before committing large sums of money. Maybe it's an idea to reach out to some Asian people in our community in order to get their opinion?

I don't mind losing the opportunity on FUBT.  I'm leaning toward voting against it.

Yes, please help us reach out to the Asian counterparts.

It would be very helpful to try to reach out to Tokok partners now before the end of the voting cycle to convince us we should pass this up for this period.



  • Rob Andrews
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Re: Exchange Listing on Tokok.com
« Reply #5 on: August 26, 2019, 08:41:00 AM »
I updated the gross deal in the OP post to include the Tokok airdrop campaign.

« Last Edit: August 29, 2019, 07:10:46 PM by Rob Andrews »


  • SVK Noko
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Re: Exchange Listing on Tokok.com
« Reply #6 on: August 26, 2019, 12:15:07 PM »
This listing will be important and only one for the next longer time. Maybe BBP team should focus to find non chinese exchange but with solid daily volume = normalized daily volume.

I can mention one example. I like Mercatox exchange very much. They have 13-14 mil daily volume. As I know this exchange is really serious and looking good. I dont know how much they are asking for listing but according to volume I hope not more than 3 btc. Maybe Im wrong :-)
There are many similar exchanges, these chinese exchanges are looking good but only on firts look.


  • SVK Noko
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Re: Exchange Listing on Tokok.com
« Reply #7 on: August 27, 2019, 12:55:17 AM »
Im starting to be sceptic regarding this chinese exchanges. According to SimilarWeb they dont have so much visitors per day as other exchanges with comparable daily volumes.
Other exchanges with similar volumes and I guess good listing price are for example Stex or Crex. But they have few times more visitors per day as fubt or tokok.


  • SVK Noko
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Re: Exchange Listing on Tokok.com
« Reply #8 on: August 27, 2019, 03:12:52 AM »
I found that for instance listing fee on Stex exchange is 1 BTC for one pair with BTC, for pair with ETH is it 0.5 BTC as a fee.

When I take a look on Coingecko and Coinmarketcap, Stex exchange is looking fine, 6-7mil daily volume (normalized) and 1,4 mil visits per day.

This is a good example for price/quality comparism - price/quality.


  • Rob Andrews
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Re: Exchange Listing on Tokok.com
« Reply #9 on: August 28, 2019, 10:45:38 AM »
I found that for instance listing fee on Stex exchange is 1 BTC for one pair with BTC, for pair with ETH is it 0.5 BTC as a fee.

When I take a look on Coingecko and Coinmarketcap, Stex exchange is looking fine, 6-7mil daily volume (normalized) and 1,4 mil visits per day.

This is a good example for price/quality comparism - price/quality.

Could you please reach out to Stex and get them to give us a firm quote and CC me ([email protected]) along with you?  We can then do due diligence on it and enter a proposal.  I seem to remember something, that made them unable to want to list us (or something) about 9 months ago, so please find out if that is a wives tail.

Regarding this proposal, Im getting a relatively more positive feeling from Paul at Tokok.  (First, Nick from FUBT said his Asian volume is really higher than Gecko as the algorithm is very hard on them.  I didnt ask this specific pointed question at Tokok yet).  But Paul tends to think without misleading us that this Asian move would be our biggest trading arena.

Im taking into consideration where we are and where we are going, with solid deals.  You have to realize, unless its a deal confirmed between our parties and what coin-type we have - its Not a deal at all.




  • togoshigekata
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Re: Exchange Listing on Tokok.com
« Reply #10 on: September 11, 2019, 12:39:04 PM »
Quote from: bible_pay on September 07, 2019, 10:44:49 PM
"They reached out to me last night, that they received the airdrop funds (1.35MM), and we decided to potentially go live on 9/17.

They still have to confirm this, the ticker pairs, the airdrop info, etc.  I will post go-live info as soon as I hear further confirmation back."


  • Rob Andrews
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Re: Exchange Listing on Tokok.com
« Reply #11 on: November 19, 2019, 10:36:44 AM »
Quote from: bible_pay on September 07, 2019, 10:44:49 PM
"They reached out to me last night, that they received the airdrop funds (1.35MM), and we decided to potentially go live on 9/17.

They still have to confirm this, the ticker pairs, the airdrop info, etc.  I will post go-live info as soon as I hear further confirmation back."

They gave us BBP/ETH.

As we all know now, we are slightly dissapointed for two reasons:

1) We were not aware of the trade-box simulated trades - comprising most of the BBP volume.
2) We were not aware of the CoinGecko reputation score.
3) No Sancs made us aware of anything negative about the deal. 

In light of this our best path is:

1)  Appeal to God.  God can pull us out of any rut.
2) For the existing partnership, pray that God corrects it.  God can bless Tokok, into being a good solid exchange with truthful volume liquidity and a high reputation score.  Pray for the richest blessings of success on Tokok, and that God repairs anything broken, and allows us to be aligned with him and our partners to align themselves with him.
3)  Be wise as serpents and harmless as doves on our next deal.  We must have a groundbreaking deal, and groundbreaking Godly partners to equally yoke ourselves with other ambassadors of God.

« Last Edit: November 19, 2019, 10:39:16 AM by Rob Andrews »


  • sunk818
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Re: Exchange Listing on Tokok.com ** Do Not Archive - Keep for Payments **
« Reply #12 on: November 19, 2019, 10:20:19 PM »
there's no need to rush into deals. if they want to offer a high pressure deal, then walk away or negotiate on your own terms. a wise decision can't be rushed.
BH6oxjLkyz3z8FYpvU3ZR7PTZ31Xt9DkXZ


  • Rob Andrews
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Re: Exchange Listing on Tokok.com ** Do Not Archive - Keep for Payments **
« Reply #13 on: December 21, 2019, 11:26:46 AM »
there's no need to rush into deals. if they want to offer a high pressure deal, then walk away or negotiate on your own terms. a wise decision can't be rushed.

I'm doing what I can to make up for it.  I'm speaking to a few top 30 exchanges now, and if we can list BBP for a fee in BTC Ill just pay for it out of my pocket to help balance this deal.



  • sunk818
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Re: Exchange Listing on Tokok.com ** Do Not Archive - Keep for Payments **
« Reply #14 on: December 22, 2019, 09:54:57 PM »
I'm doing what I can to make up for it.  I'm speaking to a few top 30 exchanges now, and if we can list BBP for a fee in BTC Ill just pay for it out of my pocket to help balance this deal.


I don't think anyone faults you for signing up with Tokok. I think if you gave exchange listing opportunities longer to digest, that will allow more feedback from BiblePay members. The ultimatum negotiating tactics by exchanges are really lame and if they are worth their salt, offers would continue to stand over time.
BH6oxjLkyz3z8FYpvU3ZR7PTZ31Xt9DkXZ